[brief comment on SMM Aluminum] Shanghai Aluminum Center of Gravity is below all EMA to maintain interval Oscillation in the short term

SMM, July 24 / PRNewswire-Asianet /-

Shanghai Aluminum main 1909 contract opened in the morning at 13745 yuan / ton, has been located below all averages. After the opening of the market, short positions actively increased positions in Shanghai aluminum low touched 13755 yuan / ton, low led to long entry, Shanghai aluminum shock rose before noon, early afternoon short profit close position Shanghai aluminum high touched 13805 yuan / ton, at the end of the day, more profits left the market, Shanghai aluminum shock closed at 13790 yuan / ton. Positions fell 4336 hands to 237436 hands, while Shanghai Aluminum Index positions fell 7982 hands to 674524 hands. In the short term, the fundamentals of Shanghai aluminum have not changed, and still maintain the pattern of near air and far more, and the interval concussion between 13600 yuan and 14000 yuan / ton is still dominant in the short term.

(SMM Yi Liang 021 20707892)